n_touch said:

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sts7049 said:

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speaking of spending...

JUST IN: US credit-card debt increased by the most in 20 years, with balances rising by 15% from a year earlier, per Bloomberg

— unusual_whales (@unusual_whales) November 16, 2022

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People now turning to credit to help cover some of the higher pricing.

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10 Year historical bull market during a parabolic phase of Keynesian money printing that was luckily offset by globalization (instead of inflation, we destroyed our own manufacturing and processing capabilities by outsourcing to cheaper countries = downward pressure on prices, despite expanded monetary balance sheet) and innovation (new products and services and continuous push towards maximum efficiency = downward pressure on prices despite massive injection of cash into system which increases demand).

Then you shock the system and disrupt global supply chains and expand the money supply even more to combat it.

All that demand + All that money - efficiency decrease - pause of innovation - ability to manufacture goods locally = sharp increase in prices.

And when the prices increase and stabilize at a higher level, and debt is more than double that cost anbd rising, the three part process begins..

Eats into savings, then
v
v
Eats into credit, then
v
v
Eats into cash

And when the cash is gone, everyone is in debt, everyone has maxed credit, and savings are gone.. what are you going to get?

Do you need hints or are we finally on the same page?

welcome, sock

Heineken-Ashi said:

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n_touch said:

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sts7049 said:

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speaking of spending...

JUST IN: US credit-card debt increased by the most in 20 years, with balances rising by 15% from a year earlier, per Bloomberg

— unusual_whales (@unusual_whales) November 16, 2022

---

People now turning to credit to help cover some of the higher pricing.

---

10 Year historical bull market during a parabolic phase of Keynesian money printing that was luckily offset by globalization (instead of inflation, we destroyed our own manufacturing and processing capabilities by outsourcing to cheaper countries = downward pressure on prices, despite expanded monetary balance sheet) and innovation (new products and services and continuous push towards maximum efficiency = downward pressure on prices despite massive injection of cash into system which increases demand).

Then you shock the system and disrupt global supply chains and expand the money supply even more to combat it.

All that demand + All that money - efficiency decrease - pause of innovation - ability to manufacture goods locally = sharp increase in prices.

And when the prices increase and stabilize at a higher level, and debt is more than double that cost anbd rising, the three part process begins..

Eats into savings, then
v
v
Eats into credit, then
v
v
Eats into cash

And when the cash is gone, everyone is in debt, everyone has maxed credit, and savings are gone.. what are you going to get?

Do you need hints or are we finally on the same page?

---

Tony The Razor said:

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Quote:

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And when the cash is gone, everyone is in debt, everyone has maxed credit, and savings are gone.. what are you going to get?

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I don't know, what are we going to get?

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Heineken-Ashi said:

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Tony The Razor said:

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Quote:

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And when the cash is gone, everyone is in debt, everyone has maxed credit, and savings are gone.. what are you going to get?

---

I don't know, what are we going to get?

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perma Brew doomster said:

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Bonfire1996 said:

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AAPL says they will fall 8 million iPhones short this quarter

Woof

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I've read the theory that this is just to pump demand for iPhones around Christmas. People can't get the upgrade they want now, so the headlines create a bit of a frenzy (for when production ramps back up).

no idea if true. Personally I finally got an iPhone, been with Samsung for ages. I got the cheapest iPhone available, ended up being like $150, no contract either. but I guess I'm a bit different, could care less if I have the latest greatest tech.

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Been using this site for years and had great result for the entire family:

https://swappa.com/buy/iphones

Heineken-Ashi said:

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n_touch said:

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sts7049 said:

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speaking of spending...

JUST IN: US credit-card debt increased by the most in 20 years, with balances rising by 15% from a year earlier, per Bloomberg

— unusual_whales (@unusual_whales) November 16, 2022

---

People now turning to credit to help cover some of the higher pricing.

---

10 Year historical bull market during a parabolic phase of Keynesian money printing that was luckily offset by globalization (instead of inflation, we destroyed our own manufacturing and processing capabilities by outsourcing to cheaper countries = downward pressure on prices, despite expanded monetary balance sheet) and innovation (new products and services and continuous push towards maximum efficiency = downward pressure on prices despite massive injection of cash into system which increases demand).

Then you shock the system and disrupt global supply chains and expand the money supply even more to combat it.

All that demand + All that money - efficiency decrease - pause of innovation - ability to manufacture goods locally = sharp increase in prices.

And when the prices increase and stabilize at a higher level, and debt is more than double that cost anbd rising, the three part process begins..

Eats into savings, then
v
v
Eats into credit, then
v
v
Eats into cash

And when the cash is gone, everyone is in debt, everyone has maxed credit, and savings are gone.. what are you going to get?

Do you need hints or are we finally on the same page?

---

Bought BOIL @$35.00 this morning and just sold @$39.50. +13%. Buys at $35 have worked well the last few weeks. $30 might be the floor as long as the Russia/Ukraine conflict is ongoing, so buys around $35 are relatively low risk (BOIL is always risky though).

Red Pear BCS Luke said:

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Heineken-Ashi said:

---

n_touch said:

---

sts7049 said:

---

speaking of spending...

JUST IN: US credit-card debt increased by the most in 20 years, with balances rising by 15% from a year earlier, per Bloomberg

— unusual_whales (@unusual_whales) November 16, 2022

---

People now turning to credit to help cover some of the higher pricing.

---

10 Year historical bull market during a parabolic phase of Keynesian money printing that was luckily offset by globalization (instead of inflation, we destroyed our own manufacturing and processing capabilities by outsourcing to cheaper countries = downward pressure on prices, despite expanded monetary balance sheet) and innovation (new products and services and continuous push towards maximum efficiency = downward pressure on prices despite massive injection of cash into system which increases demand).

Then you shock the system and disrupt global supply chains and expand the money supply even more to combat it.

All that demand + All that money - efficiency decrease - pause of innovation - ability to manufacture goods locally = sharp increase in prices.

And when the prices increase and stabilize at a higher level, and debt is more than double that cost anbd rising, the three part process begins..

Eats into savings, then
v
v
Eats into credit, then
v
v
Eats into cash

And when the cash is gone, everyone is in debt, everyone has maxed credit, and savings are gone.. what are you going to get?

Do you need hints or are we finally on the same page?

---

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I took a big step back from trading the last 6 months or so with a lot going on with work...question, does OA still believe in $WWR?

I think I could retire early if it just go back to my cost per share

FWIW, a good friend of mine that is in the EV industry was at one of their big conferences recently in LA. He said one of the big topics specifically was the supply of available graphite outside of China. The industry is taking notice how much of a snowball effect this will have, especially with the exponential growth the EV market is experiencing.

The timing to mine and manufacture the stuff can take years so if WWR is ahead of the game then that should be good for most of us. As long as WWR stays the course of their plans with no delays, we will start to see the fruits of our patience, I hoping after this inflationary period this will pivot on the up for years to come.

well that would be fantastic! the day that sucker takes off my net worth will change more than I would care to admit.

boyz05 said:

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FWIW, a good friend of mine that is in the EV industry was at one of their big conferences recently in LA. He said one of the big topics specifically was the supply of available graphite outside of China. The industry is taking notice how much of a snowball effect this will have, especially with the exponential growth the EV market is experiencing.

The timing to mine and manufacture the stuff can take years so if WWR is ahead of the game then that should be good for most of us. As long as WWR stays the course of their plans with no delays, we will start to see the fruits of our patience, I hoping after this inflationary period this will pivot on the up for years to come.

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Just because I had some spare change laying in my trade account, I went ahead and bought some WWR today to see what happens.

I was playing around with it in 2020-21 with y'all, but haven't owned any since it was in the $5-8 range.

gigemJTH12 said:

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I took a big step back from trading the last 6 months or so with a lot going on with work...question, does OA still believe in $WWR?

I think I could retire early if it just go back to my cost per share

---

OA still believing? it seems like maybe sorta yeah
Anyone else still believing? Seems that 'believing' has turned to 'hoping' which may be soon followed by 'giving up'.

boyz05 said:

---

FWIW, a good friend of mine that is in the EV industry was at one of their big conferences recently in LA. He said one of the big topics specifically was the supply of available graphite outside of China. The industry is taking notice how much of a snowball effect this will have, especially with the exponential growth the EV market is experiencing.

The timing to mine and manufacture the stuff can take years so if WWR is ahead of the game then that should be good for most of us. As long as WWR stays the course of their plans with no delays, we will start to see the fruits of our patience, I hoping after this inflationary period this will pivot on the up for years to come.

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I just bought a few more shares

i think if you aren't prepared to hold onto WWR for 2-3 years minimum, you ought to just cut bait